PAUL FRAME ON BRAND YOURSELF

Find Paul Frame on Brandyourself.com http://paulframe.brandyourself.com.

Paul Frame Owner !st US Ferrari F-50

Paul Frame took delivery of the 1st US Ferrari F-50 at Texas World Speedway in College Station, TX.

Paul Frame Owner 1st US F-50

Paul Frame CEO Seitel, Inc. 1987-2002

Paul Frame started his career at Seismic Enterprises, Inc. in 1985 as Vice President of Marketing.  Paul Frame became President and CEO in 1987 after the Company went Public on the American Stock Exchange.  Seitel, Inc. moved to the New York Stock Exchange and Paul Frame remained CEO until 2002.

Paul Frame Education

Paul Frame graduated from Indiana University, Bloomington Campus in 1969 with a BA in Economics.

Paul Frame Descendent of James I

The tradition of the family is that the Frames were Covenantors who due to persecutions, left Scotland and settled in the north of Ireland. Later on some of them came from there to America and in 1754, the names of David and James Frame appear for the first time on the assessment list of New Londonw Township, Chester County, PA. It is possible they were brothers. David is listed as a Freeman, (showing he was not married) hense was bornin in or before 1732. He and James are listed from 1754 to 1757, then they are transferred to the new Garden Township list where David is listed from 1758 to 1766. His name appears again in the same township in 1781 and 1785. The name of James Frame appears on the New Garden Twp list up to 1763, after which his name disappears from the listings.

from Scotland, think he went to Ireland (Armagh County) got beat up returned to Scotland then to the US, settled in sw Pa Fayette. He and his wife, Susannah, are named in the Dunlap Creek Presbyterian Church – Seminary Library in Merrittstown, PA (organized around 1775). Dr. Jacob Jennings was the pastor from 1792 to 1813. Most of the family moved from Fayette Co, PA to Guernsey Co, OH somewhere between 1805 – 1811. Of James and Susannah’s 10 children, 7 reached maturity.

Excerpt from History of Inez Frame Patterson:

The original spelling of the “Frame” name is believed to have been Fram, Fraim or Fraime. The Frames were Covenanters, who, due to their Calvinistic Creed were persecuted, and left Scotland and settled in Ireland. Family tradition states that George Frame, our Frame ancestor, was badly beaten and left for dead by his Catholic neighbors; his wife and their baby were murdered in their bed. George pretended he was dead as he had seen two of his other children escape out a back door.

Available information from most sources indicate that our first known ancestor to arrive in America was James Frame, nicknamed “Irish Jimmy” who came to this shore around 1750 with a brother, David. James and David Frame were both listed for the first time on the 1754 assessment list in New London Twp, Chester County, PA. “Frame”, Julia Locke Frame Bunce, 1953, contains a letter written by Rev. Reuben Frame in 1875: “My Grandfather settled in Chester County, PA and his brother went west, as i understand, near line between Pennsylvania and what is now West Virginia.” That would be Fayette Co., PA.

A different explanation is in a Frame reunion book dated Aug 18, 1904, kept by John Shannon Frame, a great-grandson of “Irish Jimmy”. “James Frame, 21, with three of his uncles came to America about the year 1750 from Scotland. Two of the uncles came to America and settled in Phila, PA and one of them in New York state; whilst James (Irish Jimmy), after his marrying, settled in Fayette Co., PA. His father while on a visit to America died of ship fever and was buried in PA, USA. His mother and sister afterwards came to Phila, PA. The sister married a man by the name of Buchannon. To James were born five sons: namely, David, William, Thomas, James and John and two daughters, named Susannah (Baird), Nancy (Laughlin), all of whom, sons and daughters, came to that part of Eastern OH now known (the year 1804) as Guernsey Co. and in Wills Township.

From Gertrude Frame Retz: “The Frames were descended from Scottish people who moved to County Armagh, Ireland, and then to the United States. The Frame family was from Lanarkshire, a sub-clan, permitted to wear either the Baird or Hamilton tartans.”

Paul Arthur Frame Jr., Paul Frame Jr., Descendant of James “Irish Jimmy” Frame

Nicknames:	“Irish Jimmy”
Place of Burial:	Ireland
Birthdate:	circa 1727
Birthplace:	Armagh County, Ireland
Death:	Died May 22, 1794 in Merritstown, Fayette, PA, United States
Managed by:	John Shannon Frame
Last Updated:	December 8, 2010

The tradition of the family is that the Frames were Covenantors who due to persecutions, left Scotland and settled in the north of Ireland. Later on some of them came from there to America and in 1754, the names of David and James Frame appear for the first time on the assessment list of New Londonw Township, Chester County, PA. It is possible they were brothers. David is listed as a Freeman, (showing he was not married) hense was bornin in or before 1732. He and James are listed from 1754 to 1757, then they are transferred to the new Garden Township list where David is listed from 1758 to 1766. His name appears again in the same township in 1781 and 1785. The name of James Frame appears on the New Garden Twp list up to 1763, after which his name disappears from the listings.

from Scotland, think he went to Ireland (Armagh County) got beat up returned to Scotland then to the US, settled in sw Pa Fayette. He and his wife, Susannah, are named in the Dunlap Creek Presbyterian Church – Seminary Library in Merrittstown, PA (organized around 1775). Dr. Jacob Jennings was the pastor from 1792 to 1813. Most of the family moved from Fayette Co, PA to Guernsey Co, OH somewhere between 1805 – 1811. Of James and Susannah’s 10 children, 7 reached maturity.

Excerpt from History of Inez Frame Patterson:

The original spelling of the “Frame” name is believed to have been Fram, Fraim or Fraime. The Frames were Covenanters, who, due to their Calvinistic Creed were persecuted, and left Scotland and settled in Ireland. Family tradition states that George Frame, our Frame ancestor, was badly beaten and left for dead by his Catholic neighbors; his wife and their baby were murdered in their bed. George pretended he was dead as he had seen two of his other children escape out a back door.

Available information from most sources indicate that our first known ancestor to arrive in America was James Frame, nicknamed “Irish Jimmy” who came to this shore around 1750 with a brother, David. James and David Frame were both listed for the first time on the 1754 assessment list in New London Twp, Chester County, PA. “Frame”, Julia Locke Frame Bunce, 1953, contains a letter written by Rev. Reuben Frame in 1875: “My Grandfather settled in Chester County, PA and his brother went west, as i understand, near line between Pennsylvania and what is now West Virginia.” That would be Fayette Co., PA.

A different explanation is in a Frame reunion book dated Aug 18, 1904, kept by John Shannon Frame, a great-grandson of “Irish Jimmy”. “James Frame, 21, with three of his uncles came to America about the year 1750 from Scotland. Two of the uncles came to America and settled in Phila, PA and one of them in New York state; whilst James (Irish Jimmy), after his marrying, settled in Fayette Co., PA. His father while on a visit to America died of ship fever and was buried in PA, USA. His mother and sister afterwards came to Phila, PA. The sister married a man by the name of Buchannon. To James were born five sons: namely, David, William, Thomas, James and John and two daughters, named Susannah (Baird), Nancy (Laughlin), all of whom, sons and daughters, came to that part of Eastern OH now known (the year 1804) as Guernsey Co. and in Wills Township.

From Gertrude Frame Retz: “The Frames were descended from Scottish people who moved to County Armagh, Ireland, and then to the United States. The Frame family was from Lanarkshire, a sub-clan, permitted to wear either the Baird or Hamilton tartans.”

Paul Arthur Frame Jr., Paul Frame Jr.,-Tutti in Pista – Ferrari’s at Texas World SpeedWay

Date: Mon, 4 Dec 1995 12:50:21 -0500
There was huge excitement in Texas this past weekend, I am
not talking about the last SWC football game or the Texas vs
Texas A&M rivalry. I am talking Ferraris, lots of Ferraris.
All of them at Texas World SpeedWay for the delivery of the
1st and 2nd F50 in North America and the debut of the 333SP2
in Daytona '96 trim. I was there in the capacity of driving 
instructor for Ferrari of Houston.
	Saturday:
	I arrived at the track early as usual. I like getting to a race
track earlier than most drivers. It is so different, the silence, the
solitude, almost religious. The morning silence was soon broken
by the screaming wail of an unmuffled Ferrari V-12. The revs built
in shrieks as Mauro Baldi, former F-1 driver and test driver for
Ferrari for the 333SP, drives the 1989 Ferrari F640 Formula One
car out to the pit lane. This is the same car that was driven by Nigel 
Mansell during the '89 F-1 season. We were told a F412T2 (the '95 F-1 car)
was going to show up, but that never happened. Everyone rushed
to the pit wall as Baldi screamed by at over 200mph down the
front straight, sparks flying 20 feet in the air. After 5 or 6
laps he pulled in and parked it under the Ferrari of Houston 
transporter. Now that was a wake-up call!
	Technical inspection began on the customer's cars that
were scheduled to go out on the track all day. Then it was my turn
to get behind the wheel as the first sessions of the high speed
driving school started. My job was to give instruction to 
Ferrari owners as well as drive potential Ferrari customers around
the track at speed. This was my first chance to drive the
fantastic F355. Amazing car, superb brakes and blistering acceleration
in a well-behaved forgiving chassis. The gearbox also lacked the
normal Ferrari balkiness and was easier to select. I was able to
apply full throttle way before the apex of turn 2, something not
possible in my Miata. The sound of the 5 valve engine was pure
Ferrari, simply fantastic.
	After lunch I had the chance to experience one of the
most awesome sportscars ever; a highly modified 600+bhp F40
red beast owned by Houston Personal Injury attorney Bruce Jamieson.
Not even pushing the car and it would reach 185mph down the front
straight, going through 1, 1A, and 2 at 120mph and exiting 2 at
130mph. One lap was finished in 1min 04seconds. The Formula Atalntic
track record at TWS is 1:03 and on Sunday Fermin Velez was clocked at
1:02 in the 333SP2! (Fermin lapped TWS at 0:54 during the WSC earlier
this year) The only difference was that the F40 was on Pirelli
P-Zero street tires, not racing slicks! Even in 6th gear the car would
push you deep in the seat under acceleration.
	We were given a video and slide presntation on the Ferrari Challenge
series for '96 by Gian Luigi Buitoni, President of Ferrari North America
and Umberto Masoni, National Technical Director, Ferrari N.A. It was
this time that I arranged to go out on the track as a passenger with
both Mauro Baldi and former IndyCar driver Didier Theys. Both very nice
gentlemen and very fast drivers. We were in a F355 Challenge car and it
gave me an excellent opportunity to pick the brains of two true
driving pros, at speed. Both of them had similar lines and lap times.
Definately an E-ticket ride. Sure beat creeping around the track with
some of my students in the earlier sessions.
	Ferrari N.A. provided a trackside cook-out dinner of Outback
Steakhouse steaks in honor of the '95 IMSA WSC driving champion,
Fermin Velez. It was at this time I got to "benchrace" with 
Mauro Baldi. I had met Mauro at Road America during the SCCA World
Challenge race 2 years ago. He was driving a Porsche 911 Turbo at
the time with Price Cobb. We talked about the Porsche a bit since
we had been around the Italian cars all day long. He explained
how he really hated the ABS system on the 911 race car and that
he would turn it off unless it was raining. He felt he had less
control of the car. Mauro will have been racing cars for 20 years
next year, so we talked about his very first race. It was a Renault
R5 challenge race at Mugello in Italy. The R5 was his everyday
road car and it was not prepared properly for the race, so the
officials did not let him go out for the first day of practice.
There were 96 cars entered in the race and they were qualified in
heats of 33 cars. Since he had no practice times, he had to 
qualify at the back of the pack and qualified 34th. He finished his
first race in 16th place with a very damaged car. He explained that
unlike America, auto racing in Europe is a full-contact sport. This
feeling was further expressed by my fellow instructor Seth Taylor,
who has spent the last year in Europe competing in the Elf Formula
Renault series.
	It was getting late and I had a long drive back to Houston
so I left the track around 9:30pm with a very permanent smile on my face.
	Sunday:
	Saturday was devoted to Ferrari racing and the Challenge Series.
Sunday was devoted to the F50 sports car. We had a few on-track
sessions with the owners and potential customers. As usual the
normal schedule was switched around and we had a demonstration of the
Ferrari 333SP2 WSC race car, driven by Fermin Velez. The 333 sounds like 
a jet fighter mated to a Ferrari. The Ferrari mechanics pushed the 
Formula One car out to the pit road and the car started then quit. Then
it wouldn't start again. Someone in the crowd joked, "You know it
sounds so much better when the mechanics say,'the damn thing
started this morning' in Italian." The F-1 car finally fired
as the 333 was entering the fast pits finished with his 5 laps.
Mauro took the F-1 car out for a screaming 5 laps, spining once
in turn 3. Nothing sounds like an unbrideled Ferrari V-12 at
full song. I kidded Mauro about his spin and in a thick Italian
accent he said, "hey, you are allowed one speen every 5 laps!"
	We all retired under the Ferrari presentation tent for the
unveiling of the F50. First we saw a really cool music video showing
the concept of the F50. The video contained Nikki Lauda, Gerhard Berger,
and Jean Alesi all of which are no longer at Ferrari. Both Berger and
Alesi obviously enjoyed throwing the car around the Fiorano test track
and the country roads around the Ferrari factory. There will only
be 55 F50's sold in North America. To cut down on the speculation
market each buyer leases the car for the first 2 years and cannot
bring it outside the state that he leases it in, unless it is on a
Ferrari transporter. For $487,000 you get a car that has a carbon
fiber moncoque tub chassis with a 700bhp 4.7L V-10 as a stress member.
Coilover, pushrod, multilink suspension, and ventilated cross-drilled
brakes from the F40LM race car. The car is a spider and comes with a 
hard top, emergency soft top, and dual hoop composite roll bars.
Laminated carbon fiber is everywhere inside, even on the shift knob.
The classic Ferrari gated shifter is topped by a carbon fiber knob 
that has a silver prancing horse embedded in the laminate. No
air-conditioner, no radio, no CD-player, no cup holder. You want music? 
Press down on the accelerator you will then have beautiful music 
exiting the rear of the car. The first F50 in North America, a red 
one of course, was delivered by Gian Luigi to Californian Paul Goldenberg.
The second F50 in Belgian racing "fly" yellow was delivered by the
World's fastest human being, Carl Lewis, to Houstonian Paul Frame.
At that time Paul Frame's F50 was started and roared out on to the 
banking at TWS. After a few hot laps all of the Ferraris at the
event were invited to the front straight for a photo-op. The cars were
lined up with the yellow F50 in front, followed by the 333SP2, F355
Challenge, and F640 F-1 car. Then a whole montage of Ferrari's from
a '86 Group B 288GTO, to a '96 512TR and everything else. They were
lined up 3 abreast from the start-finish line and into turn 4 on the
banking. There were well over 50 Ferraris. All of them then began a few
parade laps.
	The F50 was taken out for a few more hot laps. It was then that
we all saw Bruce Jamieson's modified F40 out-horsepower and pass the 
yellow F50 down the front straight. Very impressive. We all wondered
if Paul was actually pushing his brand new toy. Later Paul Frame
was looking for a license plate so he could drive his car back to Houston.
Unfortunately there was pretty heavy traffic on the way back home.
	The weekend was a fantastic affair that could not have happened 
without Paul Frame, Ferrari North America, Giuseppe Reese, owner of
Ferrari of Houston, Tony Nevotti, GM of Ferrari of Houston, and the
Houston Region of the SCCA. I would not have been there had it not been
for Caroline Wright, Chief Instructor for Ferrari of Houston. Thanks
Caroline.
				-Mac Atteberry.
For more information on Paul Frame Jr.visit paularthurframejr.brandyourself.com.

Paul Arthur Frame Jr., Paul Frame Jr., CEO Seitel, Inc. History 1984-2002

Key Dates:

1982:

Seismic Enterprises, the predecessor to Seitel, is founded.

1984:

Paul Frame Jr. is hired as vice-president of marketing.

1987:

Paul Frame Jr. is named president.

1992:

Paul Frame Jr. is appointed chief executive officer.

1993:

Seitel forms DDD Energy, using the subsidiary to enter the exploration and production business.

2002:

Paul Frame Jr. is named chairman.

Company History:

Seitel, Inc. develops and markets seismic data to the petroleum industry. Seitel owns the largest publicly available library of seismic data in North America, a database that contains one petabyte (one quadrillion bytes) of seismic information. The company captures, or “shoots,” measurements of sonic reverberations off underground rock formations, which scientists use to ascertain the likely existence of oil or gas. Seitel is paid to shoot these seismic surveys, then stores the information in its library, later licensing the maps to other oil and gas exploration companies. Through its wholly owned subsidiary DDD Energy, Inc., Seitel also is engaged in the exploration and production of oil and gas wells. In exchange for cash and seismic information, DDD Energy secures an ownership stake in exploration and production activities. Seitel operates primarily in California, Texas, Louisiana, and the Gulf Coast.

Origins

Seitel’s robust growth during the 1990s was attributable to the influence of the company’s motivational leader, Paul A. Frame. A native of Crown Point, Indiana, Frame, above everything else, prided himself as a salesman without rival. His family owned a shoe store in Crown Point, giving Frame the opportunity to hone his skills in sales. While in high school, Frame sold shoes at his family’s store and enjoyed success, but the family business, he soon realized, could never support his lofty ambitions for the future. In an interview with Success magazine in May 1995, Frame reflected on the reasoning that forced him to leave Crown Point and the family shoe store: “Based on my ability–and I was as good a shoe salesman as there is–I could only make so much money. I needed to find a product with a higher unit price to make my time more valuable.”

After leaving Crown Point, Frame shifted his focus from shoes to commodities of a much higher value: diamonds and gold. He attended Indiana University, earning a degree in economics in 1969, and began a career as a jewelry broker. His stints in the diamond and gold industries lasted for roughly a decade after he left Indiana University, ending abruptly after Frame endured a near-death experience. In 1979, just before Christmas, Frame was working as a wholesale diamond salesman, visiting a client in Stockton, California. Frame concluded his meeting, returned to his car, and was ambushed. Hidden behind his car were three assailants, waiting for Frame to return so they could steal his collection of diamonds. Frame was clubbed in the head three times. His sports coat was used to bind his arms and he was thrown into the car, a .45 caliber pistol cocked and pointed at his head. The thieves, with Frame in the car, drove off. They stole the diamonds and locked Frame in the trunk of the abandoned car. Eventually, Frame popped the trunk open and escaped, vowing never to sell diamonds again.

Acquiring Its Future Leader in 1984

As the 1980s began, Frame started a new chapter in his sales career. From shoes in the 1960s to jewels in the 1970s, Frame devoted the 1980s to marketing seismic maps and selling data used by oil and gas explorers to improve their odds of discovering viable wells. The progression was incongruous, but for someone ingrained with the concept that selling was selling, no matter the commodity being sold, Frame hardly blinked as he threw himself into the business of selling scientific data.

Frame’s introduction into the realm of geophysics occurred after he arrived in Houston, Texas, in 1984, with several pieces of furniture and $10,000 in a bank account. He soon met an entrepreneur named Herman Pearlman. Pearlman invited Frame on a three-day yachting trip. Frame accepted the invitation, and by the time the offshore trip was over, Pearlman had secured the employment of the most important executive in his company’s existence.

In 1982, two years before meeting Frame, Pearlman had helped start a company called Seismic Enterprises Inc., a seismic information company. Pearlman, who had earlier founded a television production company called Telepictures Inc. (later acquired by Time Warner Inc.), applied the strategic underpinnings of television syndication to the operation of a seismic data concern. Similar to the library of television shows controlled by a syndication company, a seismic information company controlled content that could produce a recurring revenue stream. The financial success of a company such as Pearlman’s Seismic Enterprises hinged on selling data to oil and gas companies. The crucial component of success was marketing. By the end of his trip with the then 37-year-old former metals broker, Pearlman had found the salesman to make his fledgling company a genuine financial success.

In 1984, Pearlman hired Frame as Seismic Enterprises’ vice-president of marketing. Frame’s initial task was to build and market the company’s database of information. Six months later, Pearlman converted the company to public ownership, using the proceeds raised from the initial public offering to fuel the young company’s rise from obscurity toward national recognition. Although every other seismic information company pursued this same goal, Pearlman and Frame decided to take a different route. Unlike its competitors, Seismic Enterprises did not use its meager supply of capital to purchase seismic equipment. Nor did the company rely on capturing–“shooting”–surveys exclusively for one customer. Instead, Frame searched for small groups of energy exploration firms who wanted to survey a particular area. Once a collection of clients had been signed, Seismic Enterprises hired a contractor to execute the geophysical shoot.

The atypical approach adopted by Pearlman and Frame enabled their small company to survive in an industry occupied by firms exponentially larger than their Houston-based concern. According to the terms of the deals brokered by Frame, Seismic Enterprises’ initial customers paid for roughly 70 percent of the cost to obtain the data. For their investment, the oil and gas companies who ordered the seismic survey paid for the first look at the data captured, securing rights that generally ranged between 60 and 90 days. From the start, however, Seismic Enterprises retained the ownership rights to the surveys, which served as the source of the company’s profit stream. After the initial 60- to 90-day period passed, the company resold the data to other interested oil and gas exploration firms, enabling Frame to recoup the company’s initial 30 percent investment. Once the company’s capital outlay was recouped, it began to make money.

In 1987, the same year Frame was named president, Seismic Enterprises was renamed Seitel, Inc. At the time, the company was generating less than $7 million in revenue. Its stock was trading at $1 per share. In the coming years, Seitel’s financial stature swelled exponentially, as Frame, newly appointed to the more powerful position of company president, began to exert his influence on Seitel’s salespeople. An avid listener of motivational tapes, Frame expected everyone beneath him in the company’s hierarchy to share in his passion for sales. He demanded much and, more often than not, his sermons paid dividends. Every morning at seven o’clock, Frame presided over a strategy meeting that included all of the salespeople within the organization and the company’s geophysicists. The hour-and-a-half meetings became known as “shark tanks” throughout the industry. Specific goals were set, and if they were not met, the guilty party had little chance of surviving the wrath of Frame. “A marketing intelligence network, that’s what I brought to this company,” Frame remarked in a December 16, 1994 interview with the Houston Business Journal, referring to the spirit of success he instilled in Seitel’s sales force. It was a marriage of marketing and geophysics, with Frame presiding as the preacher of successful salesmanship.

By the end of the 1980s, shortly after Pearlman appointed Frame president, Seitel was starting to show signs of the robust growth that would define the company in the following decade. In 1989, Seitel supplied data to 91 oil companies. The company derived half of its revenues from supplying seismic maps under initial contracts, typically contracting with groups of four or five firms. The other half of revenues came from the licensing of the same data to the other companies at a later period, once the original rights had expired. Frame built a library of data that was licensed much like syndicated television programs.

By the beginning of the 1990s, few observers could ignore the meaningful strides achieved by the Frame-led Seitel. By 1991, the company’s success in selling its proprietary data to energy concerns in its operating territory of Texas, Louisiana, and the Gulf Coast belied recessive economic conditions. Seitel’s market share in the area had risen from 1 percent in 1985 to 10 percent by 1991. During the same period, the market for seismic information in Seitel’s service territory had plummeted from more than $600 million a year to less than $350 million a year. Seitel was bucking a formidable trend. All the accolades were accorded to Frame and his conviction that skillful marketing would fuel the company’s success, whether the company sold shoes, diamonds, or seismic data.

Frame’s resounding success earned him promotion in 1992, when he was named Seitel’s chief executive officer. By the following year, a telling measurement of his successful presidency could be taken. Between 1987–the year Frame was named president–and 1993, Seitel’s revenues septupled and its stock price increased 32-fold. In 1993, the amount the company posted in profits nearly equaled the $7 million recorded in revenues in 1987. The gains were impressive, enabling the company to carve a position for itself in the $3 billion-a-year

Diversification in 1993

Frame, whose aggressive sales approach had become known throughout the industry, became an iconoclast of sorts when he made a controversial decision in 1993. He formed DDD Energy, Inc., a Seitel subsidiary, to serve as the company’s exploration and production unit. Frame intended to invest in the oil and gas wells his customers dug, a proposal that alarmed some of Seitel’s customers, who began to perceive Seitel as a competitor. Traditionally, oil and gas service companies did not own interests in wells, and neither did they participate in drilling and exploration. Frame was breaking barriers, but he steadfastly maintained that Seitel’s customers should not feel threatened by his bold diversification. In a typical deal brokered by DDD Energy, the company contributed cash, information from its database (by then the second largest publicly available library in the country), and new surveys. In return, Seitel, through DDD Energy, generally gained a 20 percent stake in the well.

By the fall of 1994, nearly 50 oil and gas exploration companies had signed agreements with Seitel. Of the first 25 wells drilled under investment partnerships with Seitel, oil or gas was struck an impressive 22 times, far exceeding industry averages. Encouraged by his initial success, Frame declared that by 1997 Seitel’s oil and gas earnings would eclipse the profits derived from selling seismic data. As he guided the company into the mid-1990s, Frame set a new financial goal. He promised to build Seitel into a $1 billion-in-sales company.

Although it took several years, concerns about Seitel’s equity interests in exploration and production properties dissipated. DDD Energy, like Seitel’s seismic mapping activities, grew during the latter half of the 1990s, becoming a meaningful contributor to revenues and earnings. Late in the decade, Frame decided to spin off DDD Energy through an initial public offering. At the time he filed with the Securities and Exchange Commission in November 1999, Seitel had invested roughly $150 million through DDD Energy. Frame filed for the spinoff to enable Seitel to focus exclusively on its core business of marketing seismic data, but unfavorable stock market conditions prompted Frame to withdraw from the scheduled IPO.

By 2000, Seitel’s revenue volume reached $163.8 million, having increased from $106 million in 1996. The company entered the 21st century with what was believed to be the largest nonproprietary seismic data library in North America. In September 2000, Seitel announced plans to make its data available to its customers via the Internet. Although the goal of reaching $1 billion in sales remained a distant dream, Frame’s unflagging zeal for sales promised to deliver continued growth to the company. In February 2002, Seitel’s 20th anniversary, Frame was named chairman of the company.

Principal Subsidiaries: Seitel Delaware, Inc.; Seitel Data Corp.; DDD Energy, Inc.; Matrix Geophysical, Inc.; SEIC, Inc.; Seitel Canada Holdings, Inc.; Seitel Solutions, Inc.; Solutions, LLC; Seitel Management, Inc.

Principal Competitors: Petroleum Geo-Services ASA; Schlumberger Limited; Baker Hughes Incorporated.

For more information on Paul Frame Jr. visit paularthurframejr.brandyourself.com

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Paul Arthur Frame Jr., Paul Frame Jr., 1987 Ferrari F40 – Look Back

Looking Back At The Last Leap Forward

 Want to put an F50 in context? Have an F40 around for contrast. Paul Frame allowed Motor Trend that privilege by bringing his red F40 out to romp with his yellow F50.

Despite their radically different appearances, the F40 and F50 are close in size. At 174.4 inches long, the F40 is two inches shorter than the F50, while its 96.5-inch wheelbase is 5.1 inches less generous than its successor’s. Even with its towering rear wing, the F40 is a mere 0.4 inches taller than the F50. The two cars even wear the same section-width tires: 245-millimeter fronts and 335-millimeter rears, the F40 on 17-inch-diameter wheels, the F50 on 18s. The only surprising dimension is weight: The F40’s 2426-pound steel frame with composite body is 286 pounds lighter than the F50’s, which is nearly all carbon fiber.

Open up the rear half of the F40 and the real difference between the two cars comes into vivid relief. The F40’s 2.9-liter/478-horsepower DOHC 32-valve twin-turbocharged V-8 is a complex web of pipes and intercoolers, compared with the simplicity of the F50’s naturally aspirated V-12. And all that engine plumbing snakes through and about an intricate steel spaceframe to which the drivetrain and suspension are attached. Where the F50’s construction techniques represent lessons learned from Formula One competition of the ’90s, the F40 is built more like the classic ’70 512 S Le Mans racer.

Derived from the cabin of the mid-’70s 308 GTB, the F40’s cockpit is an intimate affair. The boxy dash intrudes toward the driver and passenger and is finished in a military-tough gray cloth. Anyone over six feet tall must sit with their legs angled uncomfortably to fit inside. This isn’t a luxury car by any stretch of the imagination, but what its stark interior lacks in elegance it makes up for in seriousness of purpose. The F40 is a car for going very fast, and the driver’s attention should be focused on that somber task, not on comfort and decoration.

Once the starter button is hit, the F40 settles into a lumpy idle. Sitting in its traditional Ferrari metal gate, the five-speed shifter takes a determined heave to throw it into first; the gear engages with an audible, satisfying gnashing of teeth. The car’s turbo-muffled engine is disarmingly quiet and until nearly 5000 rpm seems quite gentle under light throttle. At that point, however, the turbos slam into action, and the beast within the car rips time and space into bite-size chunks. The factory’s 201-mph top-speed claim seems giddily reasonable. But, while the F50’s power delivery is seamless, the F40’s has a seam in it whose size can only be appreciated by seismic telemetry.

Coming off the TWS banking in the F40, as opposed to the imperturbable F50, the older Ferrari transitions onto the flat apron with a touch of bump steer. Every corner is a series of quick initial steering inputs followed by rapid small adjustments and minor corrections.

The F50’s high-tech synergy just isn’t part of the F40’s repertoire of intimidating talents. The F40 is a brawling, ferocious automotive extremist: brute force in service of the idea of brute force. Where the F50 derives ability from finite element analysis and its applied technology, the F40 gets there with sheer fanaticism.

As great as the F50 is, as an expression of a time that has passed the snorting F40 is just as impressive.

1987 Ferrari F40General layout: Mid-engine, rear-driveEngine type: 2.9-liter, DOHC, 32-valve twin-turbocharged and -intercooled V-8Horsepower @ rpm: 478 @ 7000Transmission: 5-speed manualTop speed, mph: 201Original price: $417,000Current price: $500,000 (est.)

Read more: http://www.motortrend.com/features/archive/112_9606_1987_ferrari_f40/#ixzz1xKuTxwMb

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